Additional Equity Funding. When justified by Company’s needs and progress, TBeck will use its best efforts to raise an additional $2,000,000 for expansion. The amount of dilution will be determined by Company’s stock price and progress, as well as market conditions. Company will have the absolute right to refuse this financing if the terms of such funding are unacceptable to it.
Additional Equity Funding. Prior to or at the Closing, Ameralink shall use its commercially reasonable efforts to sell between 1,000,000 and 1,500,000 shares of Ameralink Common Stock at not less than $0.40 per share for gross proceeds of between $400,000 and $600,000 in transactions exempt from registration under the Securities Act and applicable provisions of state securities laws. The terms of the offering shall include 50% warrant coverage for two years at an exercise price of $0.80 and registration rights. The sale of at least 1,000,000 shares at not less than $0.40 per share for gross proceeds of $400,000 shall be a condition precedent to Closing. The terms of the offering shall also include the payment of sales commissions to authorized persons in connection with the sale of securities.
Additional Equity Funding. MMT, on behalf of itself and the MMT Subsidiary, acknowledge that LMC and the LMC Subsidiary have satisfied the requirements to fund M4 and the General Partner with a total of $75,000,000 in equity funding pursuant to the 1996 Restructuring Agreement and the agreements entered into pursuant thereto.
Additional Equity Funding. Each of the Investors commits to invest up to the amount set forth behind its name in the tenth column of Schedule 2 (its "Remaining Equity Commitment") in additional Units as and when the Investors' Committee decides to call on such investment (wholly or partly, as the case may be) to fund the acquisition of additional shares in VNU and related costs and expenses, in accordance with Article 11.2. Any such investment shall be made in immediately available funds within 1 Business Day from each Investor being notified by the Investors' Committee to do so. Any Remaining Equity Commitment shall be called with respect to each Investor in the percentage set forth behind its name in the eleventh column of Schedule 2 and shall be in the form of a combination of additional share premium payments with respect to the Shares already held by each relevant Investor and payments made for additional YFCPECs issued to such Investor at par, in proportions corresponding to the then existing investment of such Investor (measured in monetary terms, using the same currency and a consistent exchange rate, if applicable).
Additional Equity Funding. Unless otherwise agreed to by the PRWW board representative, at or prior to the Closing, the Company shall have issued and sold 25,000 shares of the Stock to the individual investors listed in Part A of Annex VII hereto (the "Wyndhurst Group"), for an aggregate consideration, paid in cash, of $500,000, and shall have issued and sold 25,000 shares of the Stock to the individual investors listed in Part B of said Annex (the "Xxxxxxx Group"), for an aggregate consideration, paid in cash, of $500,000.
Additional Equity Funding. Evidence that an offering of two new series of preferred stock has closed, resulting in disbursement of not less than $32,000,000 in new equity funding to Borrower.
Additional Equity Funding. If a Majority of the Members determine, in such Majority’s discretion, that the Company requires funding in addition to that available under the EWS Credit Facility, the Scripps Governors shall have the sole discretion to determine whether such funding will be in the form of a loan to the Company by Scripps or an Affiliate thereof, the Members (pursuant to Section 7.5) or a third party, or whether such funding will be in the form of Additional Capital Contributions from the Members or Scripps or an Affiliate of Scripps or a third party, any such contribution to be based upon the Fair Market Value of the Company at the time such contribution is proposed to be made, as determined in accordance with Section 11.8. If Capital Contributions are to be made in accordance with the foregoing by Scripps or Scripps Holding or any of their Affiliates, SATH shall be entitled to make an Additional Capital Contribution on a pro rata basis and will be granted a period of six (6) months, measured from receipt of written notice evidencing the aforesaid commitment of Scripps, Scripps Holding or such Affiliate, to determine whether or not to make such Additional Capital Contribution and to make such Additional Capital Contribution in accordance herewith. During such six (6) month period, Scripps, Scripps Holding or such Affiliate of Scripps may make its contemplated Additional Capital Contribution and may loan to the Company funds equal to the portion of the Additional Capital Contribution to be made by SATH, with such loan bearing interest at 6% per annum and with such interest being borne by SATH and payable at the time of its Additional Capital Contribution. Such loan shall be repaid in full, with such interest, when SATH makes its Additional Capital Contribution as contemplated. If a third party makes an additional capital contribution or if Scripps, Scripps Holding or an Affiliate of Scripps makes Additional Capital Contributions to the Company, but SATH and/or Sub do not (or both Scripps and Sub and/or SATH make Additional Capital Contributions, but not in the ratio of their then-current respective Percentage Interests), then the Percentage Interests of the Members will be recomputed, based on the ratio of the fair market values of the Members’ respective Capital Accounts as of the end of the six-month period referred to above and taking into account the Additional Capital Contributions of the Members. Notwithstanding and without limiting the foregoing, SATH will not hav...
Additional Equity Funding. Prior to making a request for any Advance (other than the Initial Advance), Borrower will, through its Board of Directors, make written demand upon each Stockholder to contribute to Borrower cash in an amount (such amount is termed such Stockholder's "Additional Equity Contribution") equal to the product realized by multiplying (i) a sum equal to at least one-third the amount of such Advance, by (ii) a fraction, the numerator of which is the number of shares of common stock of Borrower owned by such Stockholder and the denominator of which is the number of outstanding shares of common stock of Borrower. Notwithstanding anything to the contrary contained in this Agreement, no additional Advance will be made to Borrower pursuant to this Agreement unless and until each Stockholder has contributed cash to Borrower in an amount equal to such Stockholder's Additional Equity Contribution with respect to such Advance.
Additional Equity Funding. 40 Section 6.13 Additional Interim Loans to RVision..............................................................41 Section 6.14 Certain Shares Issuable at Closing...............................................................41 Section 6.15
Additional Equity Funding. Prior to or at the Closing, XXX shall use its commercially reasonable efforts to sell between 2,000,000 and 2,800,000 shares of New XXX Stock at not less than $1.00 per share for gross proceeds of between $2,000,000 and $2,800,000 in transactions exempt from registration under the Securities Act and applicable provisions of state Law. The sale of at least 2,000,000 shares at not less than $1.00 per share for gross proceeds of $2,000,000 shall be a condition precedent to Closing. At least $900,000 of the net proceeds from the sale of such securities shall be allocated to CFed for use in marketing and sales.
